21. Long-term financial goals often depend on borrowing funds. The type of loan that does not fulfill the long-term goal achievement is ____ loans.

a.	consumer
b.	installment
c.	automobile
d.	mortgage
e.	single payment

22. A characteristic of consumer loans is that they

a.	include a negotiated contract.
b.	are arrived at through a formal process.
c.	include a repayment schedule.
d.	are used to purchase big-ticket durable goods and other items.
e.	are all of these.

24. The most popular use of consumer loans is to

a.	purchase a car.
b.	finance a college education.
c.	finance a vacation.
d.	buy a house.
e.	buy furniture.

27. Insurance is a tool that can lessen ____ risk.

a.	social
b.	mental
c.	economic
d.	accident
e.	exposure

28. The purchase of insurance is a common form of which risk management technique:

a.	risk retention
b.	risk transfer
c.	risk assumption
d.	risk avoidance
e.	loss control

31. The fastest growing segment of the health care industry is

a.	fee for service plans.
b.	Medicaid.
c.	managed care plans.
d.	All of these are growing at the same rate.
e.	none of these.

32. Jackie pays $20 every time she visits her doctor. She is covered by a(n)

a.	HMO
b.	IPA
c.	PPO
d.	Indemnity plan
e.	Could be any of these except the indemnity plan.

33. Which of the following types of plans pay for some medical costs even when the insured decides to go out of the provider network (without a referral) for services?

a.	HMO
b.	IPA
c.	PPO
d.	POS
e.	c and d

36. All property insurance companies require you to show the following when making a claim:

a.	Proof of loss
b.	Personal property inventory
c.	Values at the time of inventory
d.	All of the above.

39. The asset most likely to be specifically itemized in a property insurance endorsement is

a.	sofa.
b.	clothing.
c.	jewelry.
d.	garden equipment.
e.	all of these.

40. Your standard HO policy will not include coverage for damage done by

a.	flood.
b.	windstorm.
c.	falling objects.
d.	wind.
e.	theft.